Hi All...
I live in a builder floor in a locality built by Unitech and I have the following question to ask you all wise men. Say there is an earthquake and the houses in the locality are razed to the ground, what kind of ownership stake does a normal floor/house owner have to the land/rubble that now remains?
This also holds for multi storey complexes. Say an earthquake brings a complex like Atlantis or Uniworld City [no offence meant to residents of these complexes ;)] for example, to the ground, what claims do the owners have against the land mass which now remains?
I am assuming that the concerned party is lucky to survive and hence stake the claim or it is their heir apparent.
This is a fair possibility considering Gurgaon lies in a zone of high seismic activity.
How many people have insured their homes against calamities like these? When I surveyed a group of people casually I didn't find anyone who had done that. So please answer the question assuming that the property wasn't insured etc etc.
Thanks in advance for all the insights!
suman...
